Kodiak Gas Services, Inc. (KGS) To Go Ex-Dividend on February 13th

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 13th will be paid a dividend of 0.49 per share on Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, February 13th.

Kodiak Gas Services has a dividend payout ratio of 90.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Kodiak Gas Services to earn $2.12 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 92.5%.

Kodiak Gas Services Stock Up 2.2%

Kodiak Gas Services stock opened at $42.01 on Friday. Kodiak Gas Services has a twelve month low of $29.25 and a twelve month high of $48.47. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The firm has a market cap of $3.64 billion, a PE ratio of 52.51 and a beta of 1.31. The firm’s 50 day moving average price is $37.08 and its two-hundred day moving average price is $35.24.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company had revenue of $322.74 million during the quarter, compared to analyst estimates of $328.23 million. During the same period last year, the company posted ($0.07) earnings per share. The company’s revenue was down .6% compared to the same quarter last year. On average, research analysts predict that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KGS shares. Royal Bank Of Canada raised their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Mizuho raised their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a research report on Thursday, November 6th. Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, William Blair began coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.83.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.